Thermo Fisher Scientific Inc. (NYSE: TMO)’s stock price has dropped by -1.51 in relation to previous closing price of 595.37. Nevertheless, the company has seen a loss of -2.35% in its stock price over the last five trading days. zacks.com reported 2024-10-22 that Here is a sneak peek into how three MedTech stocks, BSX, TMO and ALGN, are expected to fare in their third-quarter results, slated to be released tomorrow.
Is It Worth Investing in Thermo Fisher Scientific Inc. (NYSE: TMO) Right Now?
The price-to-earnings ratio for Thermo Fisher Scientific Inc. (NYSE: TMO) is 36.37x, which is above its average ratio. Moreover, the 36-month beta value for TMO is 0.78. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 8 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TMO is 381.39M and currently, short sellers hold a 0.90% of that float. On October 23, 2024, TMO’s average trading volume was 1.32M shares.
TMO’s Market Performance
The stock of Thermo Fisher Scientific Inc. (TMO) has seen a -2.35% decrease in the past week, with a -3.93% drop in the past month, and a 2.03% gain in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.62% for TMO. The simple moving average for the last 20 days is -2.60% for TMO’s stock, with a simple moving average of 1.40% for the last 200 days.
Analysts’ Opinion of TMO
Stephens, on the other hand, stated in their research note that they expect to see TMO reach a price target of $680. The rating they have provided for TMO stocks is “Overweight” according to the report published on October 01st, 2024.
Wells Fargo gave a rating of “Overweight” to TMO, setting the target price at $670 in the report published on August 28th of the current year.
TMO Trading at -3.45% from the 50-Day Moving Average
After a stumble in the market that brought TMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.61% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -4.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.12% lower at present.
During the last 5 trading sessions, TMO fell by -2.35%, which changed the moving average for the period of 200-days by +10.38% in comparison to the 20-day moving average, which settled at $602.01. In addition, Thermo Fisher Scientific Inc. saw 10.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TMO starting from CASPER MARC N, who sale 10,000 shares at the price of $608.74 back on Sep 03 ’24. After this action, CASPER MARC N now owns 121,192 shares of Thermo Fisher Scientific Inc., valued at $6,087,445 using the latest closing price.
CASPER MARC N, the Chairman & CEO of Thermo Fisher Scientific Inc., sale 10,000 shares at $608.15 during a trade that took place back on Sep 04 ’24, which means that CASPER MARC N is holding 121,192 shares at $6,081,529 based on the most recent closing price.
Stock Fundamentals for TMO
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.41 for the gross margin
The net margin for Thermo Fisher Scientific Inc. stands at 0.15. The total capital return value is set at 0.09. Equity return is now at value 13.64, with 6.46 for asset returns.
Based on Thermo Fisher Scientific Inc. (TMO), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 10.49.
Currently, EBITDA for the company is 10.72 billion with net debt to EBITDA at 2.83. When we switch over and look at the enterprise to sales, we see a ratio of 5.96. The receivables turnover for the company is 4.49for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To wrap up, the performance of Thermo Fisher Scientific Inc. (TMO) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
